No. 51/52



Jordan's Arab Bank Raises Its Capital In Morocco

Jordan-based Arab Bank announced in early December that it has regained full ownershipof its network in Morocco after it repurchased a 50% stake that it had earlier sold toMorocco's Popular Bank. The bank also announced that it will raise its capital base inMorocco to $22mn, which includes the estimated $7mn it paid to buy back its share. It alsoplans to expand its branch network from eight presently to...